Hello, I have two questions regarding Chapter 7 in California:1. Approx. 60 days ago I opened a dental specific credit card account (Care Credit) and used it immediately (in full) to pay for dental services in the amount of $5,000. I have paid the account as agreed since opening which so far has entailed only one minimum payment. If i file Ch.7 in the next 90 - 120 days, is this account likely to be discharged and/or should I have any fraud concerns here?2. I own land in WA. Will the bankruptcy court obtain their own appraisal of the value of the land, or will an appraisal obtained by me in the preceding 90 to 120 days be accepted.Thank you-
State/Country relating to question: California
Hi j tay,Was the dental work cosmetic in nature?
Yes it was. veneers.
1) The general rule is that debts for luxury services are not dischargeable if those debts were incurred within 90 days of filing. If you are paying that debt, and wait at least 90 days to file a Bankruptcy, the debt should be dischargeable.2) When filing a petition, the debtor is supposed to list the market value of any real estate he owns. Unless it is obvious that the market value submitted is not an accurate estimate of the actual value, that is the end of the debtor's obligation. If there is doubt as to the estimate, the trustee may ask for a more reliable estimate (eg. from a real estate broker). The trustee will unlikely obtain his own appraisal.
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